The Interparfums Group suffered from exchange rate fluctuations in the third quarter, seeing its revenue decline despite growth in Jimmy Choo fragrances and strong sales momentum in France and the Americas.

Revenue stood at EUR 253.5 million for the three months from July to September, down 1.6% compared to the same period last year, the group announced in a press release on Tuesday, October 21.

Dropping US dollar

Interparfums blamed the revenue drop on a “weakness dollar.” The company said that at constant exchange rates, sales were actually up 1.6% to EUR 261.7 million, driven by strong demand for its key brands, especially Jimmy Choo fragrances.

It was noted that this result came “despite a high basis of comparison related to record activity in third-quarter of 2024.” Revenue had indeed jumped 20% last year.

"In the current geopolitical and economic climate, we had a good quarter, which was partly masked by the unfavorable euro/dollar exchange rate, but reaffirms our excellent start to the year," commented Philippe Benacin, Chairman and CEO of Interparfums, quoted in the press release.

It "enables us to maintain our sales target of around EUR 900 million for 2025 as a whole," he added.

France and South America

For the first nine months of 2025, revenue increased by 3% to EUR 700.4 million.

Over this period, "the North America region had the most robust nine-month growth, buoyed by a still dynamic US market where Interparfums is gaining market share. Thanks to Coach fragrances (+18%) and especially Jimmy Choo fragrances (+20%), sales growth in the United States was 14% at constant exchange rates," and 9% at current currencies, the group explained.

For its part, the Lacoste brand recorded growth of 24%."In their second year of operation, Lacoste fragrances confirmed the positive trend begun last year (...). This performance is fully in line with the brand’s redeployment plan and annual target," Interparfums emphasized.

In a context where the sales momentum in the United States was partly offset by the currency effect, it was the South American and French regions that drove growth in the third quarter, with sales up 18% and 23% respectively.